Starting the process of looking for a new home is exciting. It can also be very overwhelming. It is imperative to understand the housing market in the area you are looking to buy, as well as the monthly costs to maintain a home in the area. The overall aesthetic of the home is the easy part, but understanding the associated costs, such as taxes, utilities, maintenance and upkeep are far more important. You want to be sure not to spend more than 28% of your income on your home, otherwise you will become “house-poor.”
Working with a local mortgage broker can help alleviate some of the stressors that come with purchasing a home. At New England Mortgage, we walk our clients through every phase of the home-buying process in order to eliminate any surprises and make the home-buying experience a pleasant one.
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